“The Fastest Growing Pharma & Chemical Testing Solution Providers In 2023”
This month’s issue, ‘The Fastest Growing Pharma & Chemical Testing Solution Providers In 2023‘ highlights the tales of a few significant entrepreneurs who are inspiring, influencing, and invigorating others with their zeal to strive for success.
Business Profile
CATTS LABS & RESEARCH PVT. LTD. – A Reliable Laboratory of India Delivering Excellent Testing & Analysis Solutions
India is a country with a rich tradition of scientific research. Over the years, our scientists have made significant contributions to the global body of knowledge. However, in recent years, the country’s scientific research infrastructure has been lagging behind. This is where hi-tech laboratories come in.
Hi-tech laboratories are state-of-the-art facilities that are equipped with the latest technology and equipment. They offer a much-needed boost to the country’s scientific research capabilities.
Developing Innovative Software Solutions and Technology Expertise for Pharma
Techsol Corporation was founded in 2010 under the leadership of Satya S S Sagi, CEO with his vision for offering value-based technology services and developing innovative software solutions for pharma. With over 20 years of life sciences industry experience, the humble beginnings of Techsol was started by him on a small penthouse overseeing Hi-Tec city in Hyderabad, India. Today with our headquarters in Princeton, NJ, we are recognized as a valuable tech partner for several global clients with an expanded team of 140+ subject matter experts.
With over 10+ years of industry experience, we have learnt that keeping up a commitment and winning the trust of clients comes only with diligence, integrity, transparency, and continuous pursuit of excellence. In short these have been our ingredients to develop a sustainable innovation mindset regardless of shortcomings. Above all, we have developed the virtue of being agile to adapt, evolve and align ourselves constantly with our client’s business goals.
Redefining the Drug Discovery Process with Unique Solutions
It’s a charismatic century where the world is changing its way by adopting and adapting to the technological disruptions. Numerous scientific developments and innovations take place throughout industries including pharmaceutical and healthcare industries every single day improving the human health and forwarding life-expectancy one step further.
However, the cost of drug-development or discovery process continues to rise and the chances of success continues to plummet. According to McKinsey, every years, the top 20 pharmaceutical companies spend approximately $60 billion on the research and development of drug discovery.
Post pandemic future for CROs/CDMOs in India by Mr. Manni Kantipudi
The outsourced pharma services sector, of which CROs/ CDMOs (Contract Development and Manufacturing organizations) is a part of, is growing rapidly; and have become one of the key components of the pharma and life sciences industry.
Their growing importance is a result of rationalization of the cost base due to pricing pressure, patent expiries and increasing costs. Hence, R&D outsourcing has become a ‘must have’ than ‘good-to have’ strategy over the past few years.